17 - From Kenya to Kickbacks: Travel Tales & Tax Write-Offs
Two Girls Investing Podcast · Two Girls Investing Co.
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Show Notes
In this episode of TGIF Two Girls Investing Friday, the hosts return from a brief hiatus during which one of them visited Kenya. They share details about the mesmerizing safari and coastal experiences in Kenya, discussing the cost implications of currency. They then pivot to discuss business ventures, with Colleen detailing her journey of turning her love for shopping into a successful subscription box business supporting Canadian small businesses. Jess shares insights on running an Airbnb, including the tax benefits and strategic expense tracking to minimize taxable income. They conclude by teasing the next episode, which will focus on tax strategies.
00:00 Welcome to TGIF: Two Girls Investing Friday
00:34 Jess's Kenya Adventure
04:49 Turning Shopping into a Business
07:48 Financial Benefits of Running a Business
10:45 Maximizing Inventory Efficiency
11:03 Paying Yourself and Business Growth
11:53 Personal Finance Strategies
14:46 Understanding High-Interest Savings Accounts
15:05 Monthly Interest Myths
18:17 Tax Benefits of Owning Rental Properties
21:34 Concluding Thoughts and Next Episode Teaser